Oil Market | Business Post Nigeria

OPEC+ Quota Increase Keeps Oil Market in Deficit—Analysts

August 9, 2021

By Adedapo Adesanya The move by the Organisation of the Petroleum Exporting Countries and allies (OPEC+) to raise production limits by 400,000 barrels per

Economy

Brent Dips to $70 as Triple Whammy Threat Hits Oil Market

August 5, 2021

Adedapo Adesanya

By Adedapo Adesanya The Brent crude recorded its third consecutive loss on Wednesday by going down by $2.23 or 3.1 per cent to sell

Economy

Oil Bullish on Investors Confidence Amid Surging COVID Cases

July 27, 2021

Adedapo Adesanya

By Adedapo Adesanya Oil prices opened the week stronger as investors continued to bet on tight supply and rising vaccination rates and overlooking surging

Economy

Oil Market Plunges 3% as OPEC+ Fall Out Grips Market

July 7, 2021

Adedapo Adesanya

By Adedapo Adesanya The oil market tumbled more than 3 per cent on Tuesday as fear gripped the market following the cancellation of a

Economy

Oil Market Remains Bullish as Brent Trades at $71.61/Barrel

June 5, 2021

Adedapo Adesanya

By Adedapo Adesanya The oil market remained in the bullish territory on Friday as supply discipline and recovering demand countered concerns such as rising

Economy

Fresh Optimism Lifts Oil Market into Positive Territory

May 8, 2021

Adedapo Adesanya

By Adedapo Adesanya The oil market traded positive on Friday amidst fresh optimism over a global economic recovery despite the threats posed by rising